Alberta will renew its current, expiring regulations governing carbon emissions, Phillips explained. “Second, and more important, Dr. Andrew Leach, associate professor [and academic director of energy programs at the University of] Alberta School of Business, will chair an advisory panel that will comprehensively review Alberta’s climate change policy and make a recommendation toward a permanent set of measures.”

Alberta’s climate change policy, which was developed in 2007, was set to expire at the end of June. The $C2 fee per metric ton (mt) of carbon emissions (CO2) has now been increased to $C15/mt and will increase to $C30/mt by 2017. The goal is to reduce greenhouse gas emissions by 13 million mt during 2017.